Friday, August 11, 2006

 

Blowing Up Planes

Good old MI5 prevented a huge terrorist attack involving blowing up US and UK planes taking off from the UK to the States.

The markets in the US took great heart from this and had a nice rally. The SPX ended the day up at 1271.81 and the RUT 686.27.

Both these positions are looking good. As I write before the opening of the market today the SPX Futures is flat finishing the day 1.3 points higher. There is going to be released some Retails Sale data some stage today which might cause some movement in the markets but we hope not a lot.

Our ideal scenario is a nice quiet day which takes us into the last 4 days of these options life next week.

Until next time.





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